Grayscale Loads Up On Litecoin, Dumps BTC & Other Coins, But Why?
On Wednesday, Greyscale Capital added nearly 8,500 Litecoin to their crypto investment holdings. The investment firm has further spent the last week loading up on Litecoin. Within the last seven days, they purchased just over 15k Litecoin and in the past 30 days added an additional 15k to their holding. Concurrently, they offloaded a large […]
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According to reports, Grayscale added 174,000 tokens to its litecoin holdings in the past month. This haul pushed its total holdings of the altcoin to 1.44 million. Following this acquisition, which represents 80% of all litecoin that were mined in the past month, the total value of Grayscale’s holdings of the altcoin is now just over $248 million. However, following the large acquisition by Grayscale Investments, LTC’s price movement appears to be unrelated to changing supply dynamics. For instance, Messari data shows that the altcoin only went above the $200 mark between....
There has been a lot of rumors and speculation if coin developers of scrypt coins should hard fork their coins to try and block the influx of ASIC's and protect GPU mining. The development team for Litecoin has released a statement on theLitecoinTalk forum. While the Pro and Con lists can be long and convoluted, there are two main Pro's and Con's that I think of when I look at this issue. Litecoin. The Pro's of forking a coin would be GPU miners would not find their investments in their mining gear obsolete like they did when the SHA-256 ASICs hit the Bitcoin world. GPU rigs are costly,....
Investors looking to gain LTC exposure using traditional equities are willing to pay a premium of more than 1,800% to buy it via Grayscale's Litecoin Trust. Shares in Grayscale Investments' Litecoin Investment Trust, or LTCN, have been trading at a whopping 1,800% premium over the market rate of their underlying asset, Litecoin (LTC).$319 per Litecoin? This difference is caused primarily due to retail investors' inability to purchase shares directly from Grayscale Investments, whose funds are aimed exclusively at accredited investors.LTC holdings per $LTCN share (orange) and premium....
If you're new to the cryptocurrency world, you'd be forgiven for not having heard of litecoin. The currency, which was created by Charles Lee in 2011, is the second largest digital currency next to bitcoin. Here is our guide to what you need to know. Knowing your litecoin from your bitcoin. If you are used to using bitcoin, litecoin holds few surprises - if you're not yet initiated, read our guides on What is bitcoin and Why use bitcoin. The ideas in those guides also apply to litecoin. The primary desktop application is a modification of Bitcoin-QT client, and can be downloaded from....
Grayscale Investments is the latest major crypto player to drop its association with Ripple's token. Grayscale Investments, the world’s largest cryptocurrency asset manager, announced Tuesday that it has liquidated its XRP holdings and used the remaining funds to buy up more Bitcoin (BTC), Bitcoin Cash (BCH) and Litecoin (LTC).The decision affects Grayscale’s Digital Large Cap Fund, a market-cap-weighted asset that provides exposure to the largest cryptocurrencies by market capitalization. The sale of XRP occurred on Monday, less than a week after Genesis Global Trading, the fund’s....